1. Includes finance company subsidiaries of bank holding companies but not of retailers and banks. 2. Owned receivables are those carried on the balance sheet of the institution. Managed receivables are outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. Data are shown before deductions for unearned income and losses. Components may not add to totals because of rounding. 3. Data are from the subsidiaries of the three major U.S. automobile manufacturers and are volume-weighted averages covering all loans of each type purchased during the month.

OWNED AND MANAGED RECEIVABLES 2

2001

2002

2003

1998

1999

000 r

001 r

2002 r

4 r

1 r

2 r

3 r

Q4 r

Dec r

Jan r

Feb p

Not Seasonally Adjusted

Outstandings (billions of dollars)

Total

912.7

036.4

192.1

1253.7

1277.6

1253.7

1244.4

1264.4

1260.7

1277.6

1277.6

1275.0

1267.1

Consumer

372.5

412.7

468.3

518.1

518.4

518.1

514.3

524.9

522.8

518.4

518.4

519.9

511.0

Motor vehicle loans

113.5

129.2

141.6

173.9

160.2

173.9

171.9

170.3

176.5

160.2

160.2

160.8

158.7

Motor vehicle leases

96.6

102.9

108.2

103.5

83.3

103.5

97.5

96.4

88.5

83.3

83.3

85.2

81.9

Revolving 4

31.9

32.5

37.6

31.5

38.9

31.5

28.0

32.1

37.3

38.9

38.9

38.4

38.9

Other 5

37.9

39.8

40.7

31.1

33.1

31.1

32.4

33.2

32.3

33.1

33.1

30.9

33.2

Securitized Assets 6

Motor vehicle loans

54.8

73.1

97.1

131.9

151.9

131.9

136.4

142.4

138.9

151.9

151.9

154.3

148.7

Motor vehicle leases

12.7

9.7

6.6

6.8

5.7

6.8

6.5

6.2

6.0

5.7

5.7

5.7

5.6

Revolving

5.5

6.7

19.6

25.0

31.1

25.0

26.5

29.2

29.1

31.1

31.1

30.4

30.1

Other

19.6

18.8

17.1

14.3

14.0

14.3

15.1

15.0

14.4

14.0

14.0

14.2

13.8

Real estate

150.3

174.0

198.9

207.7

216.5

207.7

198.3

203.1

207.9

216.5

216.5

213.2

214.0

One- to four-family

90.0

108.2

130.6

120.1

135.0

120.1

120.4

121.8

126.5

135.0

135.0

132.6

133.3

Other

31.2

37.6

41.7

41.2

39.5

41.2

36.8

38.7

39.0

39.5

39.5

39.0

39.4

Securitized real estate assets 6

One- to four-family

29.0

28.0

24.7

40.7

39.7

40.7

39.7

40.9

40.1

39.7

39.7

39.4

39.1

Other

0.1

0.2

1.9

5.7

2.2

5.7

1.4

1.7

2.2

2.2

2.2

2.2

2.2

Business

389.9

449.6

525.0

527.9

542.7

527.9

531.9

536.5

530.0

542.7

542.7

541.9

542.1

Motor vehicles

64.8

69.4

75.5

54.0

60.7

54.0

58.0

59.9

56.9

60.7

60.7

58.5

58.7

Retail loans

19.5

21.1

18.3

16.1

15.4

16.1

17.1

17.0

17.6

15.4

15.4

15.9

15.2

Wholesale loans 7

32.8

34.8

39.7

20.3

29.3

20.3

22.8

25.8

23.3

29.3

29.3

26.7

27.5

Leases

12.5

13.6

17.6

17.6

16.0

17.6

18.0

17.1

15.9

16.0

16.0

16.0

16.0

Equipment

212.2

238.7

283.5

289.4

292.1

289.4

284.2

288.0

289.2

292.1

292.1

286.4

293.6

Loans

59.2

64.5

70.2

77.8

83.3

77.8

81.5

78.9

82.8

83.3

83.3

80.1

80.9

Leases

153.0

174.2

213.3

211.6

208.8

211.6

202.7

209.2

206.4

208.8

208.8

206.2

212.6

Other business receivables 8

63.9

87.0

99.4

103.5

102.5

103.5

100.8

101.5

99.4

102.5

102.5

109.5

102.1

Securitized Assets 6

Motor vehicles

29.2

31.5

37.8

50.1

50.2

50.1

44.0

45.5

43.8

50.2

50.2

50.3

50.9

Retail loans

2.6

2.9

3.2

5.1

2.4

5.1

2.3

2.4

2.2

2.4

2.4

2.4

2.3

Wholesale loans

24.7

26.4

32.5

42.5

45.9

42.5

39.0

40.8

39.3

45.9

45.9

46.1

46.8

Leases

1.9

2.1

2.2

2.5

1.9

2.5

2.7

2.3

2.3

1.9

1.9

1.8

1.8

Equipment

13.0

14.6

23.1

23.2

20.2

23.2

25.4

21.7

21.6

20.2

20.2

20.1

19.4

Loans

6.6

7.9

15.5

16.4

13.0

16.4

18.5

15.0

14.8

13.0

13.0

12.9

12.3

Leases

6.4

6.7

7.6

6.8

7.2

6.8

6.9

6.7

6.7

7.2

7.2

7.2

7.1

Other business receivables 8

6.8

8.4

5.6

7.7

17.1

7.7

19.5

19.9

19.1

17.1

17.1

17.1

17.3

4. Excludes revolving credit reported as held by depository institutions that are subsidiaries of finance companies. 5. Includes personal cash loans, mobile home loans, and loans to purchase other types of consumer goods such as appliances, apparel, boats, and recreation vehicles. 6. Outstanding balances of pools upon which securities have been issued; these balances are no longer carried on the balance sheets of the loan originator. 7. Credit arising from transactions between manufacturers and dealers, that is, floor plan financing. 8. Includes loans on commercial accounts receivable, factored commercial accounts, and receivable dealer capital; small loans used primarily for business or farm purposes; and wholesale and lease paper for mobile homes, recreation vehicles, and travel trailers.